I Apologize

[saden1]

Originally Posted by Slingin Sammy 33

Interesting take by Bruce Bartlett. I may read his new book.

Paul Ryan's Budgetary Holy Grail - Forbes.com

Also good info from Heritage.

The Three Biggest Myths About Tax Cuts and the Budget Deficit | The Heritage Foundation

While I agree mostly with Heritage's take, I would advocate implementing the FairTax and temporarily elevate the rate with the elevated % of it exclusively for debt reduction and not put into the general fund. Once the entitlement programs/debt interest are reformed and under control the rate would reduce to a "normal" rate.

My main gripe with Ryan's proposal is that it takes nearly 70 years to tackle deficits and he only targets non-defense spending. I will give him credit, at least he has the guts to go after Medicare, Medicaid and Social Security but I won't pretend he doesn't lose credibility when he takes defense spending off the table.